BREAKING : Again..!! China sets Yuan reference rate 0.1% weaker than Tuesday close.

BREAKING : Again..!! China sets Yuan reference rate 0.1% weaker than Tuesday close.

#$AUDUSD fell to a fresh 6-year low after #PBOC lowered the FX Yuan reference rate an additional 0.1% today.

#PBOC: August 12th Yuan rate 1.6% devalued vs August 11th. Move of Yuan reference price is normal.

#PBOC: Yuan won't continuously devalue, no economic basis for Yuan's constant devaluation.